The Ford Motor Company
Looks at the history, from 2003 to 2007, of the financial problems of the Ford Motor Company (FoMoCo).
# 118683 | 2,825 words | 6 sources | MLA | 2007 |
Published on Feb 16, 2010 in Business (Companies) , Business (Finance, Investment and Banking) , Business (Industries) , Business (Management)
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This paper reviews the origins of the Ford Motor Company (FoMoCo), which created the market for the low-cost automobile. The paper follows FoMoCo's financial problems from rumors in February of 2003 that it was on the verge of bankruptcy to its financial statement of 2007 indicating optimism on its future financial health. The paper concludes that, financially speaking, Ford Motor Company may not be tottering on the brink of fiscal ruination, but it certainly is close enough to the precipice to look down and observe certain things that could bring about utter destruction. The sources are listed as endnotes.
From the Paper:"Furthermore, these healthy figures have been exacerbated by the sale of an Automotive Components Holding (ACH) during the first quarter of 2007, an entity that supplies automotive parts to dealers, factories and individuals. Also, Ford has agreed to sell two other ACH's to outside parties. Obviously, by doing this, Ford is eliminating a good amount of costs related to supporting ACH businesses. Also, Ford has agreed to sell off its Automotive Protection Corporation (APCO) which was finalized in April of 2007 and to sever its connections with Aston Martin, home-based in Great Britain."
Sample of Sources Used:
- Banham, Russell, et al. The Ford Century: Ford Motor Company and the Innovationsthat Shaped the World. San Diego, CA: Tehabi Books, 2002.
- Black, Edwin. Internal Combustion: How Corporations and Governments Addicted the World to Oil and Derailed the Alternatives. New York: St. Martin's Press, 2006.
- Cahill, Marie. A History of the Ford Motor Company. New York: Smithmark Publishers, 1992.
- Eisenstein, Paul A. "Toyota Takes Over in Global Sales." The CarConnection. Internet. April 24, 2007. Retrieved from http://www.thecarconnection.com/ Auto_News/Daily_Auto_News/Toyota_Takes_Over_in_Global_Sales.S173.A122 59.html.
- "Ford of Europe Reports Best-Ever March Sales." Ford Motor Company. Internet. Retrieved from http://media.ford.com/newsroom/release_display.cfm?release=25856.
Cite this Analytical Essay:
The Ford Motor Company (2010, February 16) Retrieved October 23, 2020, from https://www.academon.com/analytical-essay/the-ford-motor-company-118683/
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